Britt O’Connell, cash adviser for Commodity Risk Management Group, says that the markets had a softer tone across the board Monday, after few changes were made to the balance sheets in the USDA’s WASDE report on Friday, reports Successful Farming.
“While the USDA did reduce corn yield, it also offset demand," O'Connell told Successful Farming. "Ethanol, feed usage, and exports were all trimmed and rightly so. Exports, in particular, are behind schedule for corn this year. Other than that, the news is light today. Trading volume was light early on as well."
